Interactive Brokers Group, Inc. (NASDAQ:IBKR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $190.13.

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Piper Sandler increased their price target on shares of Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $185.85 on Friday. The firm has a 50-day moving average of $182.48 and a 200-day moving average of $149.21. The company has a market cap of $78.53 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Interactive Brokers Group has a one year low of $83.86 and a one year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period last year, the firm earned $1.55 EPS. Analysts expect that Interactive Brokers Group will post 6.82 earnings per share for the current year.

Institutional Trading of Interactive Brokers Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $25,000. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares in the last quarter. Fairfield Financial Advisors LTD bought a new position in Interactive Brokers Group during the 2nd quarter worth $32,000. UMB Bank n.a. raised its holdings in Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.